3 Sorry Growth Stocks to Sell in May While You Still Can

Group 1: Growth Stocks Overview - Growth stocks have attracted significant investor interest, with some achieving returns of 1,000% over five years, providing generational returns for early investors [1] - Not all growth stocks perform well; many have high valuations due to expectations and risks, leading to potential underperformance compared to the stock market [2] Group 2: ChargePoint (CHPT) - ChargePoint went public in 2021 via a SPAC, benefiting from the electric vehicle market hype, but has since seen its stock decline by approximately 80% over the past year [3][4] - The company reported a 24% year-over-year decrease in revenue for Q4 FY24, with net losses increasing from $78.7 million to $94.7 million, a 20.3% year-over-year rise [4] - Declining electric vehicle sales negatively impact ChargePoint's business, as reduced demand for EVs diminishes the need for its charging solutions [5] Group 3: Snap (SNAP) - Snap's Q1 2024 revenue increased by 21% year-over-year, but net losses remained significant, narrowing slightly from $329 million to $305 million [6][7] - Profitability is a major concern, with Snap unlikely to achieve profitability soon, especially compared to other social media companies that have reported profitable quarters [7] - Daily active users grew by 10% year-over-year to 422 million, but competition and net losses may hinder future growth potential [8] Group 4: Etsy (ETSY) - Etsy is currently rated as a "Hold" by analysts, with a lowest price target of $45 per share indicating a potential 25% decline [9] - The company reported a 3.7% year-over-year decline in consolidated gross merchandise sales in Q1 2024, which could threaten long-term growth [10] - Revenue increased by 0.8% year-over-year, but net income fell by 15.5% year-over-year to $63 million, indicating financial strain [11]